Netanya, Israel, August 25, 2017 - RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced that it has received a follow-on order worth approximately $1 million for peripheral equipment to support the installation and operation of its Multi-Mission Hemispheric Radars (MHR). This order is in continuation to the strategic order for radars, worth over $8 million, which was recently reported by the Company.

The radars and the peripherals will be used by a key US military force, providing it with air surveillance with emphasis on counter-UAV with the most advanced on-the-move capabilities. The systems are expected to be fielded for operational use soon after delivery.

Dov Sella, RADA’s CEO, commented, "This follow-on order will enable the installation and operation of our radars under the demanding operational and environmental conditions under which these systems will be fielded. This includes tactical, on-the-move surveillance of hostile drones and other aerial targets, as part of the protection solution for the maneuver forces.”

 

About RADA’s Multi-Mission Hemispheric Radars

RADA’s Multi-Mission Hemispheric Radars (MHR) are S-band, software-defined, pulse-Doppler, active electronically scanned array (AESA) radars. The radars introduce sophisticated beam forming capabilities and advanced signal processing, which can provide for various missions on each radar platform and demonstrate an unprecedented performance-to-price ratio. The radars are compact and mobile, enabling multiple-missions on each radar, and work while on-the-move. RADA has sold over 300 radar systems to-date, to various global defense customers.

 

About RADA

RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production, and sales of Tactical Land Radars for Force and Border Protection and Avionics Systems (including Inertial Navigation Systems) for fighter aircraft and UAVs.

 

  

 Company Contact:  Investor Relations Contact:
 Gil Schwatrz | VP, BD & Marketing  Ehud Helft / Gavriel Frohwein
 RADA Electronic Industries LTD.   GK Investor & Public Relations
 Tel: +972-9-892-1111  Tel: +1 646 688 3559
 This email address is being protected from spambots. You need JavaScript enabled to view it.  This email address is being protected from spambots. You need JavaScript enabled to view it.


Note: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risk uncertainties and other factors include, but are not limited to, changes in general economic conditions, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.